The Unofficial Homepage of St. Matthews: October 2012

St Matthews Home Sellers - LIST Now - Move by Christmas

St Matthews Home Sellers Home Buyers Druid Hills Bellewood


Two Questions:

The question of real estate market seasonality is a good one and one that we get often at The Thomas Group of Keller Williams Realty Louisville East.  St Matthews Home Sellers want to know:  Should I list my home after school has started during the fall as winter and the holidays approach?  Buyers want to know:  Should I look for a home now or wait until the spring?  Both are good questions, and hopefully this blog post will shed some light on the issue for both sellers and buyers.

St Matthews Home Sellers - What to expect

It's the middle of October, 2012.  With about 10 weeks to go before Christmas, potential St Matthews Home Sellers are considering how seasonality affects their quest to sell their St Matthews home before it gets cold and before their St Matthews home is full of family and gifts and CHAOS.  In order to know if selling your St Matthews home is a good option or not during the fall/winter months, it's helpful to look at past years.  And since the Louisville Real Estate Market is shifting, it's most important to look at last fall/winter.

The Louisville Real Estate Market is improving.  There have been year over year gains in the number of homes sold each month for about a year, and prices have likely reached bottom.  Some areas have not yet recovered, but selling your St Matthews home in the latter part of the year has a greater likelihood of success than other Louisville neighborhoods.  It goes deeper than location, however.  In order to really know your best course of action, it's important to consider the price range of the St Matthews home you are in.  

If we are going to determine what's best for St Matthews home sellers looking to list their homes in the fall, we need to look at the number of homes going under contract - or reaching "Pending" status - during a paticular month, so what follows does not represent closed sales during a given month.  It does represent the number of homes that received acceptable sales contracts during a given month and separated by price range in the 40207 zip code.  For this post, Condominium/Townhome data was omitted.

October 1-October 31, 2011:  24 St Matthews PENDING SALES

$100,000-$150,000 - 4 

$150,001-$200,000 - 2

$200,001-$250,000 - 9

$250,001-$300,000 - 4

$300,001-$350,000 - 0

$350,001-$400,000 - 1

$400,001-$450,000 - 1

$450,001-$500,000 - 0

$500,001-$550,000 - 0

$550,001-$600,000 - 0

$600,001-$650,000 - 1

$700,001-$750,000 - 2

-----------------------------------

November 1-November 30, 2011:  34 St Matthews PENDING SALES

$100,000-$150,000 - 2 

$150,001-$200,000 - 9

$200,001-$250,000 - 7

$250,001-$300,000 - 6

$300,001-$350,000 - 1

$350,001-$400,000 - 2

$400,001-$450,000 - 1

$450,001-$500,000 - 2

$500,001-$550,000 - 0

$550,001-$600,000 - 1

$600,001-$650,000 - 1

$700,001-$750,000 - 0

December 1-December 31, 2011:  25 St Matthews PENDING SALES:

$100,000-$150,000 - 3

$150,001-$200,000 - 7

$200,001-$250,000 - 4

$250,001-$300,000 - 2

$300,001-$350,000 - 3

$350,001-$400,000 - 1

$400,001-$450,000 - 2

$450,001-$500,000 - 0

$500,001-$550,000 - 2

$550,001-$600,000 - 0

$600,001-$650,000 - 0

$700,001-$750,000 - 1

So, as you can see, St Matthews Home Sellers can have success in the fall & winter months selling their homes.  Certainly, St Matthews Home Sellers can expect more buyers in the spring and summer months than in the fall and winter, but for St Matthews Home Sellers who hire an aggressive, knowledgeable, marketing-savvy real estate team that specializes in St Matthews home sales, it's possible to list today, and be under contract before Christmas.  

Because there are fewer buyers in the winter months, it's important to realize that the buyers who are out looking at homes are typically very serious buyers.  They are more motivated buyers, so when a great property hits the market in the winter months, it will still be snatched up quickly by a motivated winter buyer.  This is great for St Matthews Home Sellers as well since they won't have to sift through as many showings as spring while confident that good products sell no matter the time of year and no matter the state of the market.  

If you want information that impacts your home's value, visit our Market Insider where you'll find sales data, school information, shopping, dining, and entertainment information, and demographic statistics all in one place!

The Thomas Group of Keller Williams Realty Louisville East is running a special listing program designed to get St Matthews home sellers into their new homes before Christmas.  If you're a St Matthews Home Seller, and this is your goal, simply fill out the form below, and we will set up a consultation with you to detail our 5-Week Pre-Holiday Home Marketing Blitz.

 

 

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502-509-9278

chris@metrolouisvillemls.net

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